Emusic.com to add three downloadable music sites

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Emusic.com, an Internet seller of downloadable music, is acquiring privately held Tunes.com, the operator of RollingStone.com and DownBeatJazz.com, as part of its expansion as a music destination. The stock-for-stock transaction is valued at about $130 million, based on the closing price of EMusic.com stock on Nov. 26. Completion of the acquisition is expected early next year.

Copyright November 1999, Crain Communications Inc.

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